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High prices, steady supply chain protect BMW from industry woes

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BMW offsets lower deliveries with higher prices and EV sales as the German automaker's third quarter deliveries fell 12.2%, even as revenues rose by 4.5%

saw dampened third quarter sales due to scarce chip supply, with consultancy BCG reporting in September it expected a total of 10 million to 11 million fewer cars to be produced worldwide this year because of the shortage.

BMW's deliveries fell 12.2% in the third quarter but revenues were still up by 4.5%. EVs in particular saw a significant boost, with sales in the nine months to September almost double last year's levels at just under 232,000 vehicles. Still, Peter said the lack of chips was "by no means a blessing" due to the tens of thousands of cars the company could have sold but could not produce.

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